Forestar Group Inc. (NYSE:FOR) shares traded up 2.9% on Friday . The stock traded as high as $12.23 and last traded at $12.21, with a volume of 98,494 shares traded. The stock had previously closed at $11.87.

Separately, Zacks Investment Research downgraded shares of Forestar Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 3rd.

The firm’s market capitalization is $419.16 million. The stock’s 50 day moving average is $12.19 and its 200 day moving average is $11.43.

Forestar Group (NYSE:FOR) last issued its quarterly earnings data on Tuesday, May 10th. The oil and gas exploration company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.16. The business had revenue of $41.90 million for the quarter, compared to the consensus estimate of $54.94 million. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. Equities analysts expect that Forestar Group Inc. will post $0.48 earnings per share for the current year.

A number of hedge funds and institutional investors have modified their holdings of FOR. I.G. Investment Management LTD. increased its position in shares of Forestar Group by 3.2% in the fourth quarter. I.G. Investment Management LTD. now owns 94,014 shares of the oil and gas exploration company’s stock valued at $1,029,000 after buying an additional 2,881 shares during the last quarter. Royce & Associates LLC increased its position in shares of Forestar Group by 12.9% in the fourth quarter. Royce & Associates LLC now owns 175,000 shares of the oil and gas exploration company’s stock valued at $1,915,000 after buying an additional 20,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Forestar Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,752,009 shares of the oil and gas exploration company’s stock valued at $19,167,000 after buying an additional 23,521 shares during the last quarter.

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.

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